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Resignation of SEM Authorised Representative and Sponsor and Changes to the Board
New Frontier Properties Limited
(Incorporated in the Republic of Mauritius on 5 June 2014)
(Registration number 123368C1/GBL)
SEM share code: NFP.N0000
JSE share code: NFP
ISIN: MU0453N00004
(“New Frontier” or the “Company”)
RESIGNATION OF SEM AUTHORISED REPRESENTATIVE AND SPONSOR AND CHANGES TO THE BOARD
Shareholders of the Company and the general public are advised that Perigeum Capital Ltd tendered its
resignation as the SEM Authorised Representative and Sponsor of the Company with effect from 17 May 2021.
Shareholders will be advised as soon as a new SEM Authorised Representative and Sponsor have been
appointed by the Company.
CHANGES TO THE BOARD
In compliance with section 3.59 of the Listings Requirements of the Johannesburg Stock Exchange (“JSE”),
shareholders are advised that Mr JF van Deventer (“Frik”) has notified the Board of his resignation as an
independent non-executive director, with immediate effect.
The Board wishes to thank Frik for his services to New Frontier.
General update
Shareholders are referred to the General Update incorporated in the resignation of company secretary and
general update announcement published on SEM and SENS on 16 March 2021. Shareholders are advised
that the conditions referred to therein relating to the subsidiary directors and funder refusing to release funds
to pay the majority of the budgeted costs, including the auditors, until such time as the holding company has
exhausted the limited funds held in Mauritius, continues to impact the Company’s ability to settle costs,
including other regulatory costs, not provided for in the annual budget. The Board is continuing to try to
resolve this matter with the subsidiary directors.
The Company continues to engage with potential investors and/or new funders with a view to settling the
funder, removing the restrictive lending criteria, free the positive cash flow and ensuring that the Company is
able to comply with the various regulatory and corporate governance requirements associated with it being
a listed entity.
New Frontier holds primary listings on the Official Market of the SEM and the Alternative Exchange of the JSE.
By Order of the Board
22 June 2021
This notice is issued pursuant to SEM Listing Rule 11.3, the JSE Listings Requirements and the Mauritian Securities
Act 2005. The Board of the Company accepts full responsibility for the accuracy of the information contained
in this notice.
For further information please contact:
JSE Sponsor
AcaciaCap Advisors (Pty) Ltd
+27 11 480 8500
Date: 22-06-2021 10:00:00
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